NEW YORK, May 7 /PRNewswire-FirstCall/ -- Sovereign Bank today
announced the appointment of Thomas A. Iadanza as Commercial Banking
President of its Metro New York-New Jersey Division. In his new post, he
will be responsible for all of Sovereign's Commercial Banking activities in
New York and New Jersey.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070507/NEM029 )
With 25 years of experience in commercial banking in the metropolitan
region, Iadanza has been Executive Vice President of the bank's New York
Commercial Banking Group, responsible for business banking in New York City
and on Long Island. He became part of Sovereign in June 2006 upon its
acquisition of Independence Community Bank which Iadanza had joined in
2004.
Brendan Dugan, Chairman and CEO of Sovereign's Metro NY-NJ Division,
said, "Over the past few years, Tom has helped us assemble a skilled group
of business banking professionals who have strong ties to the metropolitan
region. His expanded leadership role will enable us to effectively compete
in this highly competitive market."
Thomas Iadanza said, "Our commercial relationship managers have greater
resources and a strong and growing array of products available to make it
possible to provide quality service to business customers of all sizes,
from the micro-sized 'mom and pop' business to middle market enterprises."
Iadanza was a managing director in Citibank's Commercial Markets group
before joining Independence. He directed the Citibank's Manhattan, Bronx,
Westchester and Connecticut corporate lending groups, developing an $800
million loan portfolio and managing $1 billion in related deposits. Idanza
came to Citibank when it acquired European American Bank (EAB) where he had
been senior vice president responsible for the bank's Corporate and Real
Estate Lending groups. In that capacity, he developed and managed the
bank's corporate and real estate asset and deposit strategy throughout the
entire metropolitan area and was a voting member of EAB's Credit Policy
Committee. Iadanza began his career in banking in 1980 at National Bank of
North America, an institution acquired by National Westminster Bank, where
the managed the bank's Structured Finance and Health Care specialty units
and was responsible for the NatWest SBIC and Equity Corporation.
Iadanza is a board member of Prospect Park Alliance and St. John's
Cemetery and is also active in a number of other community organizations. A
graduate of St. John's University with a Bachelor of Science in accounting,
he resides in Garden City, N.Y. with his wife, Sandy, and their three
children.
About Sovereign
Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent
company of Sovereign Bank, a $90 billion financial institution as of
December 31, 2006 headquartered in Wyomissing, Pa., with nearly 800
community banking offices, over 2,000 ATMs and approximately 12,000 team
members with principal markets in the northeast United States. Sovereign
offers a broad array of financial services and products including retail
banking, business and corporate banking, cash management, capital markets,
wealth management and insurance. Sovereign is the 18th largest banking
institution in the United States. For more information on Sovereign Bank,
visit <http://www.sovereignbank.com> or call 1-877-SOV-BANK.
Sovereign Bank is a registered trademark of Sovereign Bank or its
affiliates or subsidiaries in the United States and other countries.
SOURCE Sovereign Bancorp, Inc.
 back to top
Related links:
http://www.sovereignbank.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20070507/NEM029
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Michael A. Armstrong, +1-347-563-9251, or
cell, +1-917-279-8437, or marmstro@sovereignbank.com, or Ed
Shultz, +1-610-378-6162, or cell, +1-610-207-8753, or
eshultz1@sovereignbank.com, both of Sovereign Bancorp, Inc.
|
